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In page American Enterprise Institute:

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AEI's research on economic development dates back to the early days of the institute. P. T. Bauer authored a monograph on development in India in 1959,[3] and Edward Banfield published a booklet on the theory behind foreign aid in 1970.[4] Since 2001, AEI has sponsored the Henry Wendt Lecture in International Development, named for Henry Wendt, an AEI trustee emeritus and former CEO of SmithKline Beckman.[5] Notable lecturers have included Angus Maddison and Deepak Lal.[citation needed]